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of these needs that we are not meeting anymore is we need to have a big panic about the deficit. because we have to panic about the deficit, we can't do this stuff we otherwise need to do. deficits, terrible. see this headline today? hey, turns out we do not actually have a deficit. look at that. surprise. huge u.s. budget surplus shatters record. we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about that budget deficit that we do not have. and the deputy manager of the program to land this drone on the "u.s.s. george h.w. bush" says he is furloughing in place on the aircraft carrier while the drone is finally completing its historic landing. this is basically
. here's a chart that shows america's trade deficit. and energy, imported energy comprises the largest account. we haven't had a balanced trade deficit since the 1970's when the job hemorrhage started in this country. and it gets worse every year. america's future depends on innovation. we can't continue to live like this. every community you go to in this country, they say, well, we have to move somewhere because my child can't find a job or, gosh, i had to get another job and i had my salary cut in half. it's pretty obvious what's been happening. the major category of trade deficits is energy imports. energy. because we are not self-sufficient in energy production in this country. part of the answer lies in new energy systems. systems that even nasa has helped us to begin to invent. yes, in the solar fields. yes, in new hydrogen technologies like cryogenic hydrogen. yes, in natural gas. thank goodness the department invested in fossil fuel technologies. that's where the fracking technologies came from. it came from thinking about the future, not living in the past. so the gentleman's
, cbo shows us $642 billion deficit, down to 4% gdp for this year, that is weighed down from 10.1% four years ago and if you will, that takes a little bit of the impetus for coming up with an embargo on tax reform, reduces that even if all the projections indicate that those large deficits come ring back. so i see this tax reform issue as being tougher. the other thing i will comment on and take your questions is the affordable care act. this is a very big deal for the services i indicated, a very challenging endeavor we saw last week with the administration delayed for a year mandate that employers provide certain categories of insurance or face penalties. clearly a recognition of the lack of readiness out there in the work force. you have seen a lot of interesting things happen there. i can tell you from indianapolis, i was eating the same day that announcement came out before i heard about it at a national chain and i don't cook. so i eat out. there are several restaurants that know me well and the manager was -- good restaurant, part of a pretty big chain, telling me it came down fr
in order. we have seen some good news with an economy that recovers. we have seen our annual deficit numbers go down, although i have to be somewhat -- look with somewhat jaundiced eyes when the press is saying hallelujah, this year our deficit may be only $746 billion. that still is not -- is not good enough. and the solution set that we're looking for is not that far away. so in a moment, i'm going to make a couple comments and then ask my colleague, the medicare of our budget committee, to once again make an offer to proceed with regular order, something that has been the back stop of this debate about rules, something that our colleagues on the other side of the aisle, perhaps appropriately, beat us over the head for three years on about the fact that we ought to have a regular order around the budget. well, it's now been 110 days since the united states senate approved a budget. after a marathon session that went until 5:00 in the morning, a session that i think even our colleagues on the other side who didn't vote for the budget would agree was open and appropriate to rules and
rates to the market without a cap to protect students. this proposal would pay down the deficit on the backs of students, trading national debt for student debt. trading national debt for student debt. it is unacceptable, the letter goes on, to use student loans as a vehicle for deficit reduction, especially when the federal government is projected to make $51 billion on student loans just this year. so that will be the vote tomorrow. and, madam president, i ask consent that this letter, along with the list of the organizations supporting the one-year extension, appear at this point in the record. the presiding officer: without objection. mr. harkin: so that's -- that's really the vote tomorrow. are we going to keep 3.4% or are we going to allow it to double? that's the essence of the vote tomorrow. now, there is a lot of different ideas floating around about what to do, how to do this, but in just about every single case, every one of those bills, if you project out over the next couple of three years, will raise interest rates higher than 6.8%. so again, that's why extending i
million jobs and actually reduce the deficit by $24 billion. what a remarkable trifecta of accomplishments, supporting one of the world's most cutting edge agricultural economies, supporting significant employment and job creation and significantly cutting our deficit. what's not to love, madam president, in that farm bill? well, the house passed a series of amendments that eliminated our hard-fought bipartisan compromises and has effectively doomed the bill. similarly, the senate here passed a bipartisan water resources development act to modernize america's water infrastructure all over the country, including drinking water, waste water treatment, shipping channels. it got 83 votes here out of 100 in the senate. it's being slow walked in the house over ideological objections about the power of the government on environmental authority. after a historic committee markup, after the congressional budget office said it would reduce the deficit by $150 billion in the first decade and $700 billion in the second, this senate passed an overwhelmingly bipartisan immigration reform bill. i think o
at a time of sequestration and a time of deficits, how can we spend more on fossil fuels when we should be spending less? in addition, this bill needlessly increases the funding for weapons activities and defense programs. at a time where we're winding down our involvement in two wars that have been very costly in lives and dollars this last decade, and that's why i'm offering an amendment with representative quigley that would put the v-16 back to the agency's request level that would save taxpayer dollars and reduce the deficit. this bill actually increases funding by over $20 million for these ongoing missile programs. at an era where americans should expect the government to look at where these moneys are invested. there have been growing concern raised by the air force's own blue ribbon review panel about the effectiveness of the b-61 and that's why the price -- the price for this program has continued to rise dramatically and confidence in the missile program has dropped. in fact, some of our nato allies like germany have called for the b-61's to be removed from their boarders. ag
the deficit and ultimately address the towering debt that we're facing as a country, not only today but even the worse debt we'll be facing given the current trend we're on in the future. mr. chairman, remember when we were told to get our tires properly inflated and people snickered saying, is this an energy policy? well, at least those ideas actually saved energy and actually saved cost. albeit a drop in the bucket. but now in one of its latest efforts, along comes the department of energy and proposes a regulation to impose destructive and unnecessary energy efficiency standards for ceiling fans. and like much of their agenda, it is completely counterproductive. it's big government run amuck, another example. it's an example of the complete disregard bureaucrats have for the practical implications of the regulations that they issue. the department of energy contends that a certain amount of energy would be saved by requiring greater efficiency from ceiling fans, as the gentlelady mentioned and explained. now, of course, that ignores the fact that ceiling fans are already far more energy e
to the deficit? no. instead we are recklessly pushing forward this partisan bill designed to inflict grave harm. and even more pernicious is the substance of this bill which throws millions of american families aside. this removes the entire nutrition title from the farm bill with no indication that the majority intends to take up those programs in the near future. let's be clear about what this means. food stamps are the critical central area of our social safety net. helping over 47 million americans, nearly half of them are children. 99% of recipients live below the poverty line. 75% of households leaving this aid include a child, a senior citizen or an individual with a disability. these are the individuals and republican hat this majority has just called extraneous. they are not extraneous. the bill before us would mean he death now of the food stamp program, the other nutrition programs that have been part of the farm bill for decades. this bill is immoral and it is a serious risk to our society. 532 farm groups sent the speaker a letter opposing the splitting off of nutrition program. bi
student loan interest rates at current levels for two years without adding a penny to the deficit. because of this obstruction, loan rates doubled on july 1, piling thousands of dollars more of debt, mor that more than 7 mn students owe. republicans are push planning to balance the budget right on the backs of struggling students. if the legislation passed by house republicans or the plan by senate republicans becomes law, student loan rates would more than double over the next few years as interest rates increased. the speaker, speaker boehner, has said that the house has acted and now the ball is in the senate's house. we talked about that yesterday, madam president. what is he talking about? they've acted and now we should act. i guess we could talk about what he this didn't do last year on the farm bill. i guess we could talk about what they didn't do last year on the post office. i guess we could talk about what they haven't done this year on the farm bill. we could talk about what they haven't done that is so devastating to small businesses around america; that is, having people who
of boosting the economy and reducing the deficit, terms that republican lawmakers may be able to digest. in specifics, it reads that reform will grow the economy by 3.3% and bring down the deficit by close to $8850 billion over the next -- by close to $850 billion over the next 20 years. we're back after the break. actually mean it. >> you're putting out there something that you're proud of. journalists want the the story and they want the right story and the want the true story. >> you can say anything here. >> i spent a couple of hours with a hooker. >> your mistake was writing a check. >> she never cashed it! >> the war room. >> compared to other countries with tighter gun safety laws our death toll is just staggering. >> the young turks. >> the top bankers who funneled all the money to the drug lords, no sentence. there's just no justice in that. >> viewpoint. >> carl rove said today that mitt romney is a lock to win next pope. he's garunteeing it. >> joy behar: say anything. >> is the bottom line then that no white person should ever, ever, ever use the "n" word? >> yes! >> only on
. host: we'll let you go there. guest: i think that the trade deficit had been an issue for the u.s. there have been a lot of jobs, essentially we opened up ourselves to the world from a global trade perspective and we didn't really put a lot of emphasis on making sure that the other countries that we were doing business with had, say, the same labor standards, the same pay levels. so many american workers were thrown into competition with a huge global competition with workers willing to be paid a lot less. so a lot of that work was transferred there. some people say that's the way it goes and how the global economy moves around. that might be the case. but that doesn't mean there aren't jobs americans can't do. and the definition of doing something that your caller -- i agree that there are do-nothing jobs in every organization probably. but the point that your caller was making i think there are -- the definition of doing something is very broad and there are a lot of thing that is need to be done in this country including services jobs that aren't getting filled by the private
with the law. and would boost our economy and make our country safer, reducing the deficit by about a trillion dollars over the next two decades. i remind the speaker there is no shame in passing bills both parties can support. americans want their elected officials to work together to fix the nation's problems. that's what we did in the senate. i promise the formula will work in the house of representatives as well. the speaker should try that. sticking to the hastert rule is preventing the house from passing legislation to reform the ailing postal service. he refused to even take it up last congress. didn't even take it up. sticking to the hastert rule prevented the house from passing a measure that would give brick-and-mortar stores parity. we passed it on a bipartisan vote here, mr. president. i mean it's heartbreaking all over america, i see it in nevada to go by these strip malls and you see these places that if they had the advantage of not having to pay sales tax -- that's what happens on line -- they would be in business. they would go back into business if the online -- the sales tax
for passage. today those of us who came to town to cut spending, reduce the deficit, reduce the size of government, and make reforms have a real opportunity to walk the walk. this farm bill does all of those things. this bill is going to save taxpayers $19.3 billion. it's going to repeal or consolidate more than 100 programs at usda. and it's going to repeal the direct program. something that many of my farmers and ranchers back home are -- do not want to give up. the farm bill also does a couple other things. it is being considered separately on its own merits. as many in this body have called for, and it replaces antiquated permanent law so we don't face things like the dairy cliff tend of the year anymore. the bill before us reforms not just the politics of the farm bill, but the process as well. this farm bill has earned our support and i urge my colleagues to vote yes. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from minnesota is recognized. mr. peterson: i yield two minutes to the distinguished minority whip, the gentleman from maryland, mr.
Search Results 0 to 15 of about 16 (some duplicates have been removed)

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